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Last week's top stories on ShippingWatch

The Maersk Group's second quarter results, a prominent fraud case in the bunker sector and new fronts drawn up in the sulfur directive debate featured among this week's top stories on ShippingWatch.

Photo: Katinka Hustad/Polfoto/Arkiv

Maersk Line in the red

The Maersk Group published its second quarter interim report on Friday, and the problems caused by the low oil price and depressed freight rates were clearly evident.

Here is an overview of Maersk's Q2 results

Maersk Line hit with USD 151 million deficit in Q2

"We have been built up around shipping and oil for 112 years"

Competitor Hapag-Lloyd on Wednesday also published a deficit:

Hapag-Lloyd CEO: Disappointing first half of 2016

Ahead of the two key interim reports, China Cosco Shipping Corporation announced plans to order upwards of 50 new container vessels:

Chinese container giant in massive billion dollar venture

Photo: Carsten Snejbjerg/Polfoto/Arkiv
Photo: Carsten Snejbjerg/Polfoto/Arkiv

Stage set for sulfur IMO sulfur dispute

New report upends the efforts to implement global sulfur regulations:

Contradictory reports could kick off IMO sulfur dispute

Documentation: Here are the two sulfur studies

News from South Korea's shipping crisis

The South Korean government's efforts to get its struggling shipping sector back on track continued this week:

South Korea's top yards at 13-year order backlog low

Media: Daewoo suffered bigger loss than officially reported

Photo: PR-foto/Hyundai Merchant Marine
Photo: PR-foto/Hyundai Merchant Marine
 

Financial regulator: Daewoo's money woes defy categorization

South Korea prepared to let Hanjin Shipping default

South Korea sticks with aid for Daewoo despite fraud case 

Further reading:

In fraud case against Danish bunker company, key witnesses spoke on Thursday and the prosecution delivered its closing procedure on Friday:

Witnesses took the stand in criminal case against Danish bunker company 

APM Terminals' upcoming terminal in Nigeria:

APM Terminals cleared for construction of Africa's biggest terminal 

A consolidation wave seems underway among the struggling Norwegian offshore carriers:

Consolidation in Norwegian offshore has only just begun

Expectations for bulker J. Lauritzen's interim report next week:

J. Lauritzen CEO could face additional capital needs 

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